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investment-costs
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Investment cost optimization for industrial project portfolios using technology mining
, Article Technological Forecasting and Social Change ; Volume 138 , 2019 , Pages 243-253 ; 00401625 (ISSN) ; Rahmani, R ; Fateh rad, M ; Sharif University of Technology
Elsevier Inc
2019
Abstract
Large technology-intensive enterprises and companies face a constant challenge: How can a set of selected high-tech projects get done in a manner that would minimize the total cost across all projects? In majority of cases, projects are assumed independent, leading to a separate cost evaluation. This assumption often does not hold for real-world project portfolios, frequently sharing overlapping technologies. In this paper, we show how the order of the execution of the projects can directly affect the total cost of the portfolio, due to shared dependencies. Modeling the problems in this area can be achieved by combining two main fields: graph theory and technology mining. A novel method is...
MILP model for integrated expansion planning of multi-carrier active energy systems
, Article IET Generation, Transmission and Distribution ; Volume 13, Issue 7 , 2019 , Pages 1177-1189 ; 17518687 (ISSN) ; Aghaei, J ; Gharehpetian, G. B ; Safdarian, A ; Sharif University of Technology
Institution of Engineering and Technology
2019
Abstract
In growing economic energy systems, the interdependency of various energy infrastructures has led to a change in countries' policies in their expansion planning of energy networks. In this study, a mixed-integer non-linear programming (MINLP) model is proposed for expansion planning of the multi-carrier systems including electricity and gas distribution networks. The optimal planning determines the best location, time, and alternative for network assets in order to minimise investment costs and reduce losses. Also, as another distinctive feature of this study, given the integration of electricity and gas distribution networks and the complexity of the problem, a new MILP model using...
Market based criteria for transmission expansion planning
, Article PECon2010 - 2010 IEEE International Conference on Power and Energy ; 2010 , p. 846-851 ; ISBN: 9781420000000 ; Fotuhi-Firuzabad, M ; Rashidi-Nejad, M ; Sharif University of Technology
Abstract
In this paper, first, two new criteria, which are titled social welfare percent (SWP) and congestion cost percent (CCP), are defined for static transmission expansion planning in restructured power systems. Then by a simple example it will be shown that none of the already presented market-based criteria could completely and truly evaluate the transmission network expansion from market view. Hence the SWP and CCP criteria altogether are proposed to completely and truly evaluate the transmission network expansion. Then a least-investment cost expansion plan is searched that its SWP and CCP are in predefined acceptable limits. The results of applying of the proposed method are illustrated over...
Market based criteria for transmission expansion planning
, Article PECon2010 - 2010 IEEE International Conference on Power and Energy, 29 November 2010 through 1 December 2010 ; 2010 , Pages 846-851 ; 9781424489466 (ISBN) ; Fotuhi Firuzabad, M ; Rashidi Nejad, M ; Sharif University of Technology
Abstract
In this paper, first, two new criteria, which are titled social welfare percent (SWP) and congestion cost percent (CCP), are defined for static transmission expansion planning in restructured power systems. Then by a simple example it will be shown that none of the already presented market-based criteria could completely and truly evaluate the transmission network expansion from market view. Hence the SWP and CCP criteria altogether are proposed to completely and truly evaluate the transmission network expansion. Then a least-investment cost expansion plan is searched that its SWP and CCP are in predefined acceptable limits. The results of applying of the proposed method are illustrated over...
IGDT-based robust decision making applied to merchant-based transmission expansion planning
, Article International Transactions on Electrical Energy Systems ; Volume 26, Issue 12 , 2016 , Pages 2713-2726 ; 20507038 (ISSN) ; Hosseini, S. H ; Sharif University of Technology
John Wiley and Sons Ltd
2016
Abstract
Deregulation in power systems has created new uncertainties and increased the previous ones. The presence of these uncertainties causes the transmission network to remain monopoly and the private investors not being interested in investing in this section. This paper presents a new merchant-based transmission expansion planning (TEP) formulation from the viewpoint of private investors. The information-gap decision theory (IGDT) is used to model the inherent uncertainties associated with the estimated investment cost of candidate lines and the forecasted system load and NSGAII is utilized to solve the multi-objective optimization problem. This algorithm helps private investors to select the...
Demand response programs maximum participation aiming to reduce negative effects on distribution networks
, Article International Transactions on Electrical Energy Systems ; Volume 30, Issue 8 , 2020 ; Hosseini, S. H ; Soleymani, S ; Sharif University of Technology
John Wiley and Sons Ltd
2020
Abstract
Distribution companies attempt to present better services, while reducing investment costs, by promoting consumers' participation in demand response programs. They increase the rate of consumers' participation in demand response programs by taking advantage of reward and punishment policies. Increasing consumers' participation in demand response programs is justifiable when it does not have negative impacts on network technical parameters nor decrease the electricity sale rate. Therefore, it seems necessary to determine the maximum level of consumers' optimal participation in implementation of demand response programs. In this article, a new model is presented based on distribution...
Optimal RTU placement in power distribution systems using a novel method based on analytical hierarchical process (AHP)
, Article 2011 10th International Conference on Environment and Electrical Engineering, EEEIC.EU 2011 - Conference Proceedings ; 2011 ; Kazemi, A. R ; Fotuhi-Firuzabad, M ; Sharif University of Technology
Abstract
In a practical power system, automating all the substations is neither affordable nor economically justifiable. On the other hand, the trend for electric power subsidies elimination in some regions, such as Iran, aggravates this situation. To enhance the cost effectiveness of distribution automation system, this paper proposes a novel applicable qualitative-quantitative method using analytical hierarchical process (AHP) to find the optimum placement of remote terminal units (RTU). Entire attempt is to contribute all the crucial technical and practical parameters related to this problem in order to find the most reliable solution. Optimum number of RTUs is determined using the concepts of...
The competitiveness of wind power compared to existing methods of electricity generation in Iran
, Article Energy Policy ; Volume 42 , 2012 , Pages 651-656 ; 03014215 (ISSN) ; Bagheri Ghanbarabadi, M ; Bagheri Moghadam, N ; Sharif University of Technology
2012
Abstract
In Iran, there are more than 15,000. MW of wind power potential, but only about 90. MW have been installed since 2009. Because fuel costs are the main part of fuel-consumed power generation costs and fossil resource costs are highly subsidized in Iran, renewable energies such as wind power have yet to be fully developed. This analysis sets out to evaluate the total generating costs of wind power and conventional power plants in Iran. A levelized cost approach was conducted that included investment costs, O&M costs, fuel costs and external costs of emissions for each type of technology. Comparison of cost assessments of power generation show that by taking into account global fuel prices and...
Hybrid immune-genetic algorithm method for benefit maximisation of distribution network operators and distributed generation owners in a deregulated environment
, Article IET Generation, Transmission and Distribution ; Volume 5, Issue 9 , 2011 , Pages 961-972 ; 17518687 (ISSN) ; Ehsan, M ; Caire, R ; Hadjsaid, N ; Sharif University of Technology
Abstract
In deregulated power systems, distribution network operators (DNO) are responsible for maintaining the proper operation and efficiency of distribution networks. This is achieved traditionally through specific investments in network components. The event of distributed generation (DG) has introduced new challenges to these distribution networks. The role of DG units must be correctly assessed to optimise the overall operating and investment cost for the whole system. However, the distributed generation owners (DGOs) have different objective functions which might be contrary to the objectives of DNO. This study presents a long-term dynamic multi-objective model for planning of distribution...
Optimal RTU placement in power distribution systems using a novel method based on analytical hierarchical process (AHP)
, Article 2011 10th International Conference on Environment and Electrical Engineering, EEEIC.EU 2011 - Conference Proceedings, 8 May 2011 through 11 May 2011 ; May , 2011 , Page(s): 1 - 4 ; 9781424487820 (ISBN) ; Kazemi, A. R ; Fotuhi Firuzabad, M ; Sharif University of Technology
2011
Abstract
In a practical power system, automating all the substations is neither affordable nor economically justifiable. On the other hand, the trend for electric power subsidies elimination in some regions, such as Iran, aggravates this situation. To enhance the cost effectiveness of distribution automation system, this paper proposes a novel applicable qualitative-quantitative method using analytical hierarchical process (AHP) to find the optimum placement of remote terminal units (RTU). Entire attempt is to contribute all the crucial technical and practical parameters related to this problem in order to find the most reliable solution. Optimum number of RTUs is determined using the concepts of...
A multistage model for distribution expansion planning with distributed generation in a deregulated electricity market
, Article Iranian Journal of Science and Technology, Transaction B: Engineering ; Volume 34, Issue 3 , 2010 , Pages 275-287 ; 10286284 (ISSN) ; Abbaspour Tehrani Fard, A ; Poure, P ; Saadate, S ; Sharif University of Technology
2010
Abstract
Distribution systems management is becoming an increasingly complicated issue due to the introduction of new technologies, new energy trading strategies and a new deregulated environment. In the new deregulated energy market and considering the incentives coming from the technical and economic fields, it is reasonable to consider Distributed Generation (DG) as a viable option for systems reinforcement in competition with voltage regulator devices, to solve the lacking electric power supply problem and meet the load growth requirements with a reasonable price as well as the system power quality problems. The problem of optimal placement and size is formulated in two stages; minimization of...
Reliability evaluation of HV substations in the presence of Fault Current Limiter
, Article 2009 IEEE Bucharest PowerTech: Innovative Ideas Toward the Electrical Grid of the Future, 28 June 2009 through 2 July 2009 ; 28 June-2 July , 2009 ; 9781424422357 (ISBN) ; Fotuhi Firuzabad, M ; Sharif University of Technology
Abstract
Short circuit current is one of the major threats for power system stability. Power system should have the ability to detect and clear these faults within a specified time. The protection system can clear the faults only if the interruption capability of the circuit breakers is higher than the fault level. Expansion of the grid and installation of new power on the scale that is envisaged will require practical solutions to a number of technical challenges. One of the technical challenges is fault level management as system expansion often results in increased fault levels beyond the design limits of the existing switchgears. Replacing the old equipments particularly circuit breakers with the...
A multi-objective framework for transmission expansion planning in deregulated environments
, Article IEEE Transactions on Power Systems ; Volume 24, Issue 2 , 2009 , Pages 1051-1061 ; 08858950 (ISSN) ; Hosseini, H ; Oloomi Buygi, M ; Shahidehpour, M ; Sharif University of Technology
2009
Abstract
Deregulation of power system has introduced new objectives and requirements for transmission expansion problem. In this paper, a static transmission expansion methodology is presented using a multi-objective optimization framework. Investment cost, reliability (both adequacy and security), and congestion cost are considered in the optimization as three objectives. To overcome the difficulties in solving the nonconvex and mixed integer nature of the optimization problems, the genetic based NSGA II algorithm is used followed by a fuzzy decision making analysis to obtain the final optimal solution. The planning methodology has been demonstrated on the IEEE 24-bus test system to show the...
A multi-objective stochastic programming approach for supply chain design considering risk
, Article International Journal of Production Economics ; Volume 116, Issue 1 , 2008 , Pages 129-138 ; 09255273 (ISSN) ; Brown, K. N ; Tarim, S. A ; Modarres, M ; Sharif University of Technology
2008
Abstract
In this paper, we develop a multi-objective stochastic programming approach for supply chain design under uncertainty. Demands, supplies, processing, transportation, shortage and capacity expansion costs are all considered as the uncertain parameters. To develop a robust model, two additional objective functions are added into the traditional comprehensive supply chain design problem. So, our multi-objective model includes (i) the minimization of the sum of current investment costs and the expected future processing, transportation, shortage and capacity expansion costs, (ii) the minimization of the variance of the total cost and (iii) the minimization of the financial risk or the...
Probabilistic worth assessment of distributed static series compensators
, Article IEEE Transactions on Power Delivery ; Vol. 26, issue. 3 , 2011 , p. 1734-1743 ; ISSN: 08858977 ; Fotuhi-Firuzabad, M ; Aminifar, F ; Sharif University of Technology
Abstract
The deployment of flexible ac transmission system (FACTS) devices, despite miscellaneous benefits and applications, has been restricted mainly due to their large investment costs. Accordingly, the notion of distributed FACTS (D-FACTS) was recently proposed. Distributed static series compensators (DSSCs), as a new member of D-FACTS, are directly clamped to conductors of transmission lines. The possibility of controlling the compensation rate of DSSCs from the control center affords the active control of network power flow. This paper presents a comprehensive reliability model for the DSSC. The model is then reduced and a state-space representation is extracted for a transmission line with a...
Probabilistic worth assessment of distributed static series compensators
, Article IEEE Transactions on Power Delivery ; Volume 26, Issue 3 , July , 2011 , Pages 1734-1743 ; 08858977 (ISSN) ; Fotuhi Firuzabad, M ; Aminifar, F ; Sharif University of Technology
2011
Abstract
The deployment of flexible ac transmission system (FACTS) devices, despite miscellaneous benefits and applications, has been restricted mainly due to their large investment costs. Accordingly, the notion of distributed FACTS (D-FACTS) was recently proposed. Distributed static series compensators (DSSCs), as a new member of D-FACTS, are directly clamped to conductors of transmission lines. The possibility of controlling the compensation rate of DSSCs from the control center affords the active control of network power flow. This paper presents a comprehensive reliability model for the DSSC. The model is then reduced and a state-space representation is extracted for a transmission line with a...
Distribution system planning considering integration of distributed generation and load curtailment options in a competitive electricity market
, Article Electrical Engineering ; Volume 93, Issue 1 , 2011 , Pages 23-32 ; 09487921 (ISSN) ; Abbaspour Tehrani Fard, A ; Poure, P ; Saadate, S ; Sharif University of Technology
Abstract
Distribution systems management is becoming an increasingly complicated issue due to the introduction of new technologies, new energy trading strategies and new deregulated environment. In the new deregulated energy market and considering the incentives coming from the technical and economical fields, it is reasonable to consider distributed generation (DG) as a viable option to solve the lacking electric power supply problem. This paper presents a mathematical distribution system planning model considering three planning options to system expansion and to meet the load growth requirements with a reasonable price as well as the system power quality problems. DG is introduced as an attractive...
A new framework for large distribution system optimal planning in a competitive electricity market
, Article 2010 IEEE International Energy Conference and Exhibition, EnergyCon 2010, 18 December 2010 through 22 December 2010 ; 2010 , Pages 1-6 ; 9781424493807 (ISBN) ; Poure, P ; Abbaspour Tehrani Fard, A ; Saadate, S ; Sharif University of Technology
Abstract
Distribution systems management is becoming an increasingly complicated issue due to the introduction of new technologies, new energy trading strategies and new deregulated environment. In the new deregulated energy market and considering the incentives coming from the technical and economical fields, it is reasonable to consider Distributed Generation (DG) as a viable option to solve the lacking electric power supply problem. This paper presents a mathematical distribution system planning model considering three planning options to system expansion and to meet the load growth requirements with a reasonable price as well as the system power quality problems. DG is introduced as an attractive...
Distribution system reliability enhancement using optimal capacitor placement
, Article IET Generation, Transmission and Distribution ; Volume 2, Issue 5 , 2008 , Pages 621-631 ; 17518687 (ISSN) ; Fotuhi Firuzabad, M ; Sharif University of Technology
2008
Abstract
Failure statistics of most utilities indicate that distribution systems make the greatest individual contribution to the unavailability of supply to customers. Optimal capacitor placement in distribution systems has a number of advantages such as reducing losses, improving voltage profile, improving power factor and so on. The conventional objective function of the optimal capacitor placement consists of the total cost of losses and investments. Since capacitors supply reactive loads locally, they improve the load-carrying capability of the lines and therefore play the same role as redundant lines. Thus, optimal capacitor placement can also improve the reliability indices of a distribution...
Competitive distribution system planning model integration of dg, interruptible load and voltage regulator devices
, Article Iranian Journal of Science and Technology, Transaction B: Engineering ; Volume 34, Issue 6 , 2010 , Pages 619-635 ; 10286284 (ISSN) ; Porkar, S ; Abbaspour Tehrani Fard, A ; Poure, P ; Saadate, S ; Sharif University of Technology
Abstract
Distribution systems management is becoming an increasingly complicated issue due to the introduction of new technologies, new energy trading strategies, and new deregulated environment. In the new deregulated energy market and considering the incentives coming from the technical and economical fields, it is reasonable to consider Distributed Generation (DG) as a viable option to solve the lacking electric power supply problem. This paper presents a mathematical distribution system planning model considering three planning options to system expansion and to meet the load growth requirements with a reasonable price as well as the system power quality problems. DG is introduced as an...